By Andrea Shalal
WASHINGTON (Reuters) – The US and Vietnam mentioned on Thursday they agreed to carry common senior-level discussions on macroeconomic insurance policies and efforts to keep up monetary stability, and would additionally discover a attainable technical help partnership.
US Treasury Secretary Janet Yellen and State Financial institution of Vietnam Governor Nguyen Thi Hong introduced the agreements in a joint assertion as Yellen wrapped up her go to to Hanoi, stressing their need to strengthen US-Vietnam ties.
“The US and Vietnam are trusted companions with a friendship constructed on mutual respect and the frequent purpose of selling robust, resilient, safe, and inclusive progress,” they mentioned. “We look ahead to additional strengthening this partnership within the years to come back.”
The 2 leaders mentioned they noticed “an necessary alternative” to strengthen cooperation between the 2 international locations with the intention of attaining robust, inclusive and sustainable progress via well-designed macroeconomic insurance policies.
They agreed to deepen their engagement by holding common high-level macroeconomic and monetary coverage dialogue, sharing information on secure and environment friendly monetary markets, and supporting one another’s targets of sturdy, resilient, safe, and inclusive financial progress and monetary stability.
Additionally they famous within the assertion that the Treasury appreciates Vietnam’s central financial institution’s efforts to modernize and additional enhance the transparency of its financial coverage and alternate price administration framework, to advertise macroeconomic stability, and to make sure the security and soundness of the banking system.
In November, the Treasury eliminated Vietnam from its watch checklist for attainable foreign money manipulation, including that it was glad with the progress Hanoi had made in addressing issues about its foreign money practices.
